DJIA
US NFP increased by 120k (meaning added 120k jobs in March 2012) – fewest in five months, lower than forecast 207k (previous month 240k), market optimism has turned sour…
after the announcement market has fallen more than >1%.
Read this:
http://www.bloomberg.com/news/2012-04-06/employers-added-120-000-jobs-in-march-fewest-in-five-months.html
From technical chart,
Daily chart: uptrend remain intact if DJIA can maintain above its major support 13000.
Intraday 4H chart: from short term trading - DJIA has fallen below the uptrend support, thus market has turned from sideways bullish, to sideways bearish.
We expect the market to trade below daily chart major support 13000, and expect market to rebound when it touches 12950, however, the rebound would not be strong and limited to previous support 13100-13150 (which has turned resistance).
YM
Similar to Dow, short term view bearish, target to test support 12700-12750.
YM on Broco chart was trading at 12850 last Friday.
Stochastic level is low therefore we reckon market to trade sideways bias up to R1: 12880, R2: 12930.
Daily Trading: Initiate short trade at resistance R1, and target exit 12750 (based on initial shadow)
NASDAQ 100
Support 2730 holding strong.
Stochastic level is high but no signal for drastic downward correct, expect market to continue trading sideways with bullish bias. Due to Easter holiday, market was closed last Friday, but beware for external factors which might pull NASDAQ 100 down. Suggest to stay out.
NQ
NQ has formed the First black candle on weekly chart!
For the coming week, I expect market to trade sideways bias down testing support S1: 2710, S2: 2700.
EMA50 Support has turned into resistance now near 2750 region.
Showing posts with label NQ. Show all posts
Showing posts with label NQ. Show all posts
Monday, April 9, 2012
Sunday, February 19, 2012
DJIA and Nasdaq 100
US market is closed on 20th Feb 2012 - observance of US Presidents day.
On the economic data front, US Retail sales rise in January, unemployment claims unexpectedly dropped to 348k (lowest in four years).
DJIA
Technical Forecast
DJIA break above major resistance 12880 and trading towards 13000, last done 12949.90 pts.
Weekly chart:
bullish, weekly candle suggests market to leap higher towards 13060 pts., breaking above this level will lead to TG2 13150 pts.
Daily chart: bullish
Intraday chart: market resisted at 12960 pts., it has a tendency to fall back to BKO 12900 or major support 12800 before going higher. Check divergence in 30Mins.
Since Monday is a bank holiday, we reckon market to trade sideways between 12900 - 13000, initiate market order near support 12900 or resistance 13000 is preferable than to trade in between.
YM
Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.
Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.
NASDAQ 100
Market resisted at 2600 pts. and currently trading near 2585 pts., market is bullish, might test 2600 resistance again and if market break above this resistance then next target is 2660 pts.
Support 2573-2577 pts. Enter long if market is trading at this level during mid-week.
NQ
Weekly and daily chart indicate that market is bullish, support 2560, suggest to enter Short 2590-2595 while we wait for short term correction back to 2560.
On the economic data front, US Retail sales rise in January, unemployment claims unexpectedly dropped to 348k (lowest in four years).
DJIA
Technical Forecast
DJIA break above major resistance 12880 and trading towards 13000, last done 12949.90 pts.
Weekly chart:
bullish, weekly candle suggests market to leap higher towards 13060 pts., breaking above this level will lead to TG2 13150 pts.
Daily chart: bullish
Intraday chart: market resisted at 12960 pts., it has a tendency to fall back to BKO 12900 or major support 12800 before going higher. Check divergence in 30Mins.
Since Monday is a bank holiday, we reckon market to trade sideways between 12900 - 13000, initiate market order near support 12900 or resistance 13000 is preferable than to trade in between.
YM
Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.
Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.
NASDAQ 100
Market resisted at 2600 pts. and currently trading near 2585 pts., market is bullish, might test 2600 resistance again and if market break above this resistance then next target is 2660 pts.
Support 2573-2577 pts. Enter long if market is trading at this level during mid-week.
NQ
Weekly and daily chart indicate that market is bullish, support 2560, suggest to enter Short 2590-2595 while we wait for short term correction back to 2560.
Monday, February 13, 2012
DJIA and Nasdaq 100
DJIA
Follow my blog updates last Friday, market has fallen back to main support 12750.
This is a desirable level to enter long for the rally to continue up. I didn’t take the long trade due to weekends and hopefully can get a good long level.
Let’s take a look at the technical chart:
Weekly: candlestick pattern, neutral - bearish bias.
Daily: market is trading uptrend; last candlestick pattern suggests a bearish outlook.
4 hour: market has retraced 1/3 after touching high 12930 region.
Strong support 12730.
DJIA: market is well supported at 12743 pts; reckon market to trade sideways around this region testing 12680-12730 pts.
1 hour: stochastic level is low and hopefully the market forms a butterfly pattern while consolidate at this level.
Although the weekly and daily candlestick pattern suggested the market is bearish bias, I am still positive that DJIA could bounce off strong support 12730, may be will attempt lower low before uptrend resume.
In case DJIA didn’t fall below 12680 I am still holding the bullish view.
Minor resistance 12850
Strong resistance 12930 – 950.
Aggressive long at 12730 pts, SL 12680, TG 12930 pts.
Not hunting for short on Monday, unless market breaks below 12680.
YM
Strong support 12680-700, target exit 12930 similar to Dow.
Resistance 12870-890 pts.
This morning market gap up 60 pts, open at 12827 pts but immediately traded down to 12800 regions.
Aggressive long at 12760 SL 12720 TG 12930.
Breaking above 13000 YM shall go to next target 13130, no looking back.
NASDAQ 100
Super bull super bull
Next target 2590 – 2595 pts.
Like what I mentioned last Friday in my blog, if Nasdaq 100 trade below 2545 then it might have a short term correction back to 2515-20 pts strong support.
Monday preference is to hunt for short if market is resisted at previous high 2550 pts.
NQ
Aggressive trade: to short at 2558 – 2560. SL 2565 previous high, target exit 2530 pts.
However, similar to YM, hunt for long when market trade back to support @ 2515-20, SL 7 pts, TG 2560-2565, TG 2 2595.
Follow my blog updates last Friday, market has fallen back to main support 12750.
This is a desirable level to enter long for the rally to continue up. I didn’t take the long trade due to weekends and hopefully can get a good long level.
Let’s take a look at the technical chart:
Weekly: candlestick pattern, neutral - bearish bias.
Daily: market is trading uptrend; last candlestick pattern suggests a bearish outlook.
4 hour: market has retraced 1/3 after touching high 12930 region.
Strong support 12730.
DJIA: market is well supported at 12743 pts; reckon market to trade sideways around this region testing 12680-12730 pts.
1 hour: stochastic level is low and hopefully the market forms a butterfly pattern while consolidate at this level.
Although the weekly and daily candlestick pattern suggested the market is bearish bias, I am still positive that DJIA could bounce off strong support 12730, may be will attempt lower low before uptrend resume.
In case DJIA didn’t fall below 12680 I am still holding the bullish view.
Minor resistance 12850
Strong resistance 12930 – 950.
Aggressive long at 12730 pts, SL 12680, TG 12930 pts.
Not hunting for short on Monday, unless market breaks below 12680.
YM
Strong support 12680-700, target exit 12930 similar to Dow.
Resistance 12870-890 pts.
This morning market gap up 60 pts, open at 12827 pts but immediately traded down to 12800 regions.
Aggressive long at 12760 SL 12720 TG 12930.
Breaking above 13000 YM shall go to next target 13130, no looking back.
NASDAQ 100
Super bull super bull
Next target 2590 – 2595 pts.
Like what I mentioned last Friday in my blog, if Nasdaq 100 trade below 2545 then it might have a short term correction back to 2515-20 pts strong support.
Monday preference is to hunt for short if market is resisted at previous high 2550 pts.
NQ
Aggressive trade: to short at 2558 – 2560. SL 2565 previous high, target exit 2530 pts.
However, similar to YM, hunt for long when market trade back to support @ 2515-20, SL 7 pts, TG 2560-2565, TG 2 2595.
Friday, February 10, 2012
DJIA and Nasdaq 100
Nasdaq 100
Long Position (since Tuesday) 2519 pts closed at 2550 with 31 pts profit.
Strong bull super bull all the way hitting 2L, Nasdaq100 currently trading at 2559.25.
On FXCM Nas100 is trading at 2561/2563. If the strong bull continue then next target should be 2595, another 30 pts to go.
A little pull back is happening now after Nasdaq100 hit 2565 high last night.
Upward momentum has slowed down a little bit, current support 2545-2548 pts.
If Nasdaq100 trade below 2545 then it might have a short term correction back to 2520 pts.
Bet for upwave to continue?
Aggressive trading can enter long at 2552, SL 2544, TG 2592 or close EOD.
Short term if market fall below current support 2545, abandon long.
DJIA
Compare to Nasdaq100, DJIA has a weaker bull and the correction has taken place. Last done 12890 pts.
Observed two star candle on daily chart.
DJIA didn't make it to 2L target and it has reduced upward momentum.
So far the weekly candle is still positive, today, I reckon a short term correction back to 12800-815 level and bounce off the low, and close above 12850.
But, if DJIA closes below 12850 tonight, then the weekly outlook might change from sideway bull to neutral.
YM
Last done 12830 pts.
Resistance 12880 pts.
Similar to Dow, reckon a short term correction down to 12750, bounce off the low, and close above 12780.
YM needs to bounce of this low 12750 and close above 12780 in order to maintain the bullish outlook.
Immediate action: Preference is to short at market, and close at 12780 (don't really feel like shorting because the stochastic is quite low).
Patiently Hunt for long at 12750 region if support holds.
Thank God its Friday
Ayumi
Long Position (since Tuesday) 2519 pts closed at 2550 with 31 pts profit.
Strong bull super bull all the way hitting 2L, Nasdaq100 currently trading at 2559.25.
On FXCM Nas100 is trading at 2561/2563. If the strong bull continue then next target should be 2595, another 30 pts to go.
A little pull back is happening now after Nasdaq100 hit 2565 high last night.
Upward momentum has slowed down a little bit, current support 2545-2548 pts.
If Nasdaq100 trade below 2545 then it might have a short term correction back to 2520 pts.
Bet for upwave to continue?
Aggressive trading can enter long at 2552, SL 2544, TG 2592 or close EOD.
Short term if market fall below current support 2545, abandon long.
DJIA
Compare to Nasdaq100, DJIA has a weaker bull and the correction has taken place. Last done 12890 pts.
Observed two star candle on daily chart.
DJIA didn't make it to 2L target and it has reduced upward momentum.
So far the weekly candle is still positive, today, I reckon a short term correction back to 12800-815 level and bounce off the low, and close above 12850.
But, if DJIA closes below 12850 tonight, then the weekly outlook might change from sideway bull to neutral.
YM
Last done 12830 pts.
Resistance 12880 pts.
Similar to Dow, reckon a short term correction down to 12750, bounce off the low, and close above 12780.
YM needs to bounce of this low 12750 and close above 12780 in order to maintain the bullish outlook.
Immediate action: Preference is to short at market, and close at 12780 (don't really feel like shorting because the stochastic is quite low).
Patiently Hunt for long at 12750 region if support holds.
Thank God its Friday
Ayumi
Monday, February 6, 2012
DJIA and Nasdaq 100
DJIA and NASDAQ 100 Update for Mon 06 Feb 2012
DJIA
Last Friday NFP announcement and US jobless rate has uplifted the market, in line with the positive economic data, and market has break above 12750 region and trading above 12850.
We reckon market to slow down during the early of the week to support level to take a breather before going towards the next target 12950-13000.
YM
Current support 12730
Strong Support 12630
Resistance 12930 (Target)
S did a very good short call last Thursday, short at 12850 region and still standing with more than 50 pts. floating profit! ^__^ Yes for big picture we are looking forward to a big fall, but current financial reporting gala might drive market north anytime so make sure you know how much money you want to make, and decide where to exit :)
For early of the week, Hunt for long opportunity when market comes back to 12630 strong supports in line with EMA50 in 4 hour chart.
Stochastic is quite low and therefore do not encourage taking short position now, prefer to hunt for long if market is showing strong reversal at support levels 12730 or 12630.
NASDAQ 100
Market condition: strong bull and next target lies at 2592.08 pts., last done 2528.70 pts.
NQ
Market is currently trading at 2518 levels and we reckon a 1/3 retracement back to 2500 (last Thursday high) before hitting target 2546-2550.
Aggressive daily trading: Long at initial shadow 2509 SL 2500, TG 2540 (Day range)
DJIA
Last Friday NFP announcement and US jobless rate has uplifted the market, in line with the positive economic data, and market has break above 12750 region and trading above 12850.
We reckon market to slow down during the early of the week to support level to take a breather before going towards the next target 12950-13000.
YM
Current support 12730
Strong Support 12630
Resistance 12930 (Target)
S did a very good short call last Thursday, short at 12850 region and still standing with more than 50 pts. floating profit! ^__^ Yes for big picture we are looking forward to a big fall, but current financial reporting gala might drive market north anytime so make sure you know how much money you want to make, and decide where to exit :)
For early of the week, Hunt for long opportunity when market comes back to 12630 strong supports in line with EMA50 in 4 hour chart.
Stochastic is quite low and therefore do not encourage taking short position now, prefer to hunt for long if market is showing strong reversal at support levels 12730 or 12630.
NASDAQ 100
Market condition: strong bull and next target lies at 2592.08 pts., last done 2528.70 pts.
NQ
Market is currently trading at 2518 levels and we reckon a 1/3 retracement back to 2500 (last Thursday high) before hitting target 2546-2550.
Aggressive daily trading: Long at initial shadow 2509 SL 2500, TG 2540 (Day range)
Tuesday, October 25, 2011
Quick Update on NQ
although our forecast is right about NQ - reached 2385 high last night, we expect the bullish sentiment to continue.
Although I am agressive and aim to enter at 2308, market didn't retrace but straight up to 2385.
Today I forecast the market to continue to surge higher to hit 2400 - 2430.
Aggressive trade:
Enter Long with initial shadow at 2354 which is also 50% of Fibo Retracement from yesterday's high-low.
DJIA
Bold uptrend.
Daily chart we have seen some very bullish EMA crossings.
There's no sign of reversal yet, stochastic normal.
Daily candle normal.
Strong support at 11480.
(Dow keep making Loooong shadows on weekly chart, beware of any long position)
If the positive news keep pumping in the market, it might go all the way to 12300.
Although I am agressive and aim to enter at 2308, market didn't retrace but straight up to 2385.
Today I forecast the market to continue to surge higher to hit 2400 - 2430.
Aggressive trade:
Enter Long with initial shadow at 2354 which is also 50% of Fibo Retracement from yesterday's high-low.
Bold uptrend.
Daily chart we have seen some very bullish EMA crossings.
There's no sign of reversal yet, stochastic normal.
Daily candle normal.
Strong support at 11480.
(Dow keep making Loooong shadows on weekly chart, beware of any long position)
If the positive news keep pumping in the market, it might go all the way to 12300.
Monday, September 26, 2011
DJIA and Nasdaq 100
U.S. stocks fell this week, sending the Dow Jones Industrial Average to the biggest loss since 2008, as the Federal Reserve said risks to the economy have increased and concern grew that policy makers will fail to spur growth.
The S&P 500 fell 2.9 percent on (Wed) Sept. 21 and 3.2 percent the next day (Thu) after the Fed said it will replace $400 billion of short-term debt with longer-term Treasuries to spur growth.It is not over, and the likelihood of US recession has clearly risen.
Technical Chart, Weekly:
I am expecting the melt down to 9500 region upon breakout to the downside.
Upside resistance 11720 will not be re-visited again and the breakout is happening SOON.
Daily Chart:
The European Central Bank may step up efforts to ease financial-market tensions, including offering banks 12-month loans, Governing Council members said. About $3.5 trillion was erased from global equity values this week before yesterday.From a higher time frame, market has reached 2L, consolidation is about to finish with DJIA trading near to its key support (August-2011 low), breaking below this low will target 9700 for October 2011.
With ECB effort, and weekend's meeting, I am expecting a rebound to 10850- max 10915 region to happen on DJIA. YM resistance 10800.
Hunt for short at this level and let's ride the late south train together.
Related News: http://news.businessweek.com/article.asp?documentKey=1376-LRZTSY07SXKX01-6K828SC6SK85B3V3BCBOS4M4F1
Nasdaq 100
Market is mercy-less for the opposite traders.
Imagine the impact of how fundamentals move our trading account, from 1 end, to another end.
The ECB announcement has lifted Nasdaq 100 from 2135 region and formed a bullish reversal pattern on daily chart. Sames goes to NQ.
I expect market to pull up at least 50% for Nasdaq 100, return to 2260 region.
Short Term Trading: Bullish
Monday, long at initial shadow (-20 index points), eg. Long NQ support at 2175 SL last friday low or 2135 target 2260, or closed by end of day.
Position Trading: Bearish
Rub our eyes, clean up our spectacles and observe for reversal candlestick pattern.
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